Formulating and adjusting the medium-term public investment plan of central budget capital on the National Information System and Database in Vietnam

Formulating and adjusting the medium-term public investment plan of central budget capital on the National Information System and Database in Vietnam (image from the internet)

The Minister of Planning and Investment of Vietnam issued Circular 19/2024/TT-BKHDT on October 16, 2024, regulating the formulation, appraisal, delivery, adjustment, monitoring, and evaluation of plans, programs, tasks, and public investment projects on the National Information System and Public Investment Database.

Formulating and adjusting the medium-term public investment plan of central budget capital on the National Information System and Database in Vietnam

According to Article 6 of Circular 19/2024/TT-BKHDT, the formulation, appraisal, delivery, and adjustment of medium-term public investment plans using central budget capital are stipulated as follows:

(1) Formulation, Appraisal, and Delivery of Medium-Term Public Investment Plans Using Central Budget Capital

- Based on the notification from the Prime Minister of Vietnam regarding the expected total public investment capital from the central budget for the respective ministries, central and local agencies, for the following period, the Ministry of Planning and Investment enters the projected total public investment capital from the central budget for each ministry, central and local agency for the upcoming period, and informs them on the System for the respective ministries, central and local agencies to propose allocation plans and formulate, appraise, and present to the competent authority to approve investment policies for programs, projects for the next period;

- Ministries, central agencies, and localities enter the projected medium-term public investment plans using central budget capital for the next period, including the list, anticipated capital levels for each program, task, project, and other public investment objects with all necessary information as required by the System, and upload the reports of the ministries, central agencies, and provincial People's Committees, sending them to the Ministry of Planning and Investment through the System;

- By January 31 of the fifth year of the medium-term public investment plan of the previous period, based on the projected medium-term public investment plans using central budget capital for the following period entered and sent on the System by ministries, central and local agencies, the Ministry of Planning and Investment closes the System for the appraisal of the allocation plan for the medium-term public investment plan using central budget capital of ministries, central, and local agencies as per regulations. During the appraisal process, data is sent back to ministries, central agencies, and localities for refinement according to appraisal comments;

- Based on the appraisal opinions of the Ministry of Planning and Investment, ministries, central agencies, and localities update the completed medium-term public investment plans using central budget capital for the next period and upload the reports of the ministries, central agencies, and provincial People's Committees, sending them to the Ministry of Planning and Investment through the System before June 30 of the fifth year of the medium-term public investment plan period of the previous term;

- Based on the Decision on the allocation of the medium-term public investment plan using central budget capital issued by the Prime Minister of Vietnam, the Ministry of Planning and Investment updates the central budget's medium-term public investment plan as allocated by the Prime Minister onto the national public investment database, including the total capital and capital structure for ministries, central agencies, and localities, the list, and capital levels allocated for programs, tasks, projects, and other public investment objects, and informs ministries, central agencies, and localities on the System;

- Regarding medium-term public investment plans using central budget capital that have not yet been allocated or the common contingency fund for medium-term public investment plans using central budget capital (if any), if authorized for use by a competent authority, the Ministry of Planning and Investment and respective ministries, central agencies, and localities carry out the process of entry, notification, formulation, appraisal, and delivery of public investment plans on the System as stipulated in points b, c, d, e of clause 1, Article 6 of Circular 19/2024/TT-BKHDT.

(2) Adjustment of Medium-Term Public Investment Plans Using Central Budget Capital

- Ministries, central agencies, and localities enter proposals for adjustment of medium-term public investment plans using central budget capital and upload the reports of the ministries, central agencies, and provincial People's Committees, sending them to the Ministry of Planning and Investment through the System;

- The Ministry of Planning and Investment appraises the plan adjustment for medium-term public investment plans using central budget capital of ministries, central agencies, and localities on the System and reports to the competent authority for review and decision;

- Based on the Decision on adjustment of the medium-term public investment plan using central budget capital issued by the Prime Minister of Vietnam, the Ministry of Planning and Investment updates the adjusted medium-term public investment plan using central budget capital issued by the Prime Minister onto the national public investment database, including total capital and capital structure for ministries, central agencies, and localities (if any), the list, and capital levels allocated for programs, tasks, projects, and other public investment objects, and informs ministries, central agencies, and localities on the System.

>> CLICK HERE TO READ THIS ARTICLE IN VIETNAMESE